Buffett seems to be in for some surprises this time.
Sigmonds
of AL
@
Oct 01, 2008 08:41:16 AM
What a horrible article!
Preferred STOCK!!!! Not Senior Debt, Not Subordinated Debt, but preferred STOCK!!! Look at Lehman. The debt is trading for pennies on the dollar. Dont even talk about their preferred STOCK holders. I agree this was a smart investment but the idiot that wrote this article doesn't understand finance at all
(if a company goes belly up, preferred stockholders stand first in line for dividends and profits).
If a company goes bankrupt there are no dividends and profits! Idiot
"Remember, he's got a cushion as a preferred stakeholder...so he doesn't lose a penny until all of the money is wiped out," He losses all of it if the debtholders dont get paid back in full. Lehmans debt holders arent getting anything close to full.
do some research before you write on something you know nothing about
TX Capital
of VA
@
Oct 01, 2008 05:06:15 AM
"Fundamentals are sound...."
Remember that one, for the gist of which both Bush and McCain have been blasted for uttering?
They were and are right. The current problems SHOULD remain isolated as long as Wall St. and congress don't freak out and to something stupid.
Assuming Bush, Pelosi and Reid could screw up... toast, and Wall St. is mostly populated by twitchy, sleep-deprived lemmings currently all curled up in little fetal positions; Buffett is just doing what's logical with his spare billions.
RK
of MN
@
Sep 30, 2008 18:39:54 PM
The Rich Get Richer…
Just another example of how filthy rich people get richer regardless of the economy. GS couldn’t bend over any further than it did in this deal, and Buffet is guaranteed a profitable return on his investment regardless of what happens to GS.
If taxpayers were to get the same exact deal, then $700B is money well spent. Why should we settle for anything less?
Remember this day --- any congress person who votes for a bailout that does not at least meet if not exceed Buffet’s conditions, needs to be voted out of office at the soonest possible opportunity. As Americans, this is your chance to speak up. Use it or suffer the consequences.
n1njabot
of CA
@
Sep 30, 2008 18:27:33 PM
Yahoo, America is Reponding!!!
By glancing at the Bureau of Economic Analysis website I see America is responding to our crisis by increasing personal savings by record levels. This could be an answer to the bailout situation, increase banks liquidity by increasing personal savings!!! I feel stimulating our economy by saving instead of spending creates a stronger economy based upon cash transaactions rather than credit while providing liquidity for banks to loan to business. Look for yourselves at http://www.bea.gov/briefrm/saving.htm
Together, America can fix our economy without any bailouts!!!
Ojidwpen of UT @ Jul 14, 2009 09:13:14 AM
Sigmonds of AL @ Oct 01, 2008 08:41:16 AM
TX Capital of VA @ Oct 01, 2008 05:06:15 AM
RK of MN @ Sep 30, 2008 18:39:54 PM
n1njabot of CA @ Sep 30, 2008 18:27:33 PM
Ray Fisher of NM @ Sep 30, 2008 18:17:54 PM
Back to article